AMD posted a quarterly loss of $473 million, or $0.63 per share, versus a year-ago loss of $177 million, or $0.24 per share. Excluding one-time items, AMD lost $0.14 per share. However, analysts expected a loss of $0.20 per share.

Its revenue dropped 32% to $1.16 billion. The company in October expected revenue of $1.1 billion to $1.21 billion.